According to the public record, Flat 5, October Court 56, Bromley is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in October Court, Mays Hill Road, Bromley, BR2.
Mays Hill Road, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
Flat 5, October Court 56, Bromley has 21 entries in the Land Registry database, most recently in November 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 5 October Court 56 Bromley as £250,203 and the rental value as £1,142 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 5 October Court 56 Bromley has increased by £4,024 (1.6%) and its rental value has increased by £64 per month (5.6%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 5, October Court 56, Bromley is in very good condition we estimate a sale value of £262,713 and rental value of £1,199 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £232,689 and a rental value of £1,062 per month.
If you were able to purchase this property for the estimated value of £250,203, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,230 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Flat 5, October Court 56, Bromley was last sold on 08 Nov 2006 for £162,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, October Court 56, Bromley within a radius of 520 metres over the last 2 years.
The most recent example is Flat 11, Fresham House 12, Durham Road, Bromley, BR2 0SG, a Leasehold flat which sold for £232,500 in Apr 2024.
Read more about house prices in BR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mays Hill Road, Bromley, BR2 has a total of 180 addresses. According to our analysis of all the public data, Flat 5, October Court 56, Bromley is the 132nd largest and the 180th most expensive property on the street.
When compared to the postcode district it is £333k less expensive than the average property in BR2.
The closest station to Flat 5, October Court 56, Bromley is Shortlands station which is 600 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 5, October Court 56, Bromley, 29.9% of property is privately owned outright and 29.1% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 5, October Court 56, Bromley, 16.5% of residents are recorded as possessing school level qualifications and 44.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 5, October Court 56, Bromley, the average age was 42.6 and the most common age was 57.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 5, October Court 56, Bromley, 1.4% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 5, October Court 56, Bromley, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.